byGaganDeep
Updated on - 23 May, 2024
Bachelor of Commerce (B.Com) in Financial Accounting is an undergraduate degree program, which is specialized in offering training in the fields of accounting, finance, taxation, auditing, and management. The full time course spread over three years includes the concepts in financial accounting, cost accounting, management accounting, accounting standards, business statistics, business mathematics and basics of company law.
B.Com in Financial Accounting course accepts CMAT & OJEE/TSICET/PESSAT & other state level exams as per norms of admission. Some of the notable dates include releases of admission notification during December- January, closing date for application form submission ranges between April to August, counselling scheduled between June to September and start of session in colleges from July-August.
| Course Highlights | Details |
|---|---|
| Full Form | Bachelor of Commerce (Financial Accounting) |
| Duration | 3 Years |
| Course Level | Undergraduate |
| Eligibility | 10+2 (Commerce Stream) or Equivalent |
| Top Colleges (India) | Shah and Anchor Kutchhi Business School (Mumbai), Symbiosis School of Economics & Finance (Pune), Sri Ram College of Commerce (Delhi), Lady Shri Ram College for Women (Delhi), Narsee Monjee Institute of Management Studies (Mumbai) |
| Entrance Exam | University Specific Entrance Exams |
1. The candidate should have passed 10+2 examinations or equivalent from a recognized board with a minimum of 50% marks in aggregate.
2. Mathematics/Business Mathematics/Economics/Statistics as one the subjects offered in 10+2 level.
3. While some universities have their entrance examination for those who want to be admitted into their universities, there are also universities that adopt the 10+2 system.
4. Meaning, to qualify in admission most colleges have a minimum age requirement of seventeen years.
5. If verbal communication is needed, English language skills are expected from the employees.
6. Some institutes may offer preference to candidates who have undergone work experience in the accounts or finance departments of their organizations.
1. NPAT Full Form – National Entrance and Scholarship Test conducted by Narsee Monjee Institute of Management Studies
2. IPMAT: Integrated Program in Management Aptitude Test by IIM Indore
3. CUET – Common University Entrance Test for getting admission in central universities
4. Christ University Entrance Test – as a requirement for one to gain admission at Christ University Bangalore.
5. Common entrance tests – conducted for admission by each state and deemed universities for admission to their B.Com programs
| Subject | Important Topics |
|---|---|
| Accounting Principles and Practices | Introduction to Accounting, Double Entry System, Journal, Ledger, Cash Book, Trial Balance, Final Accounts |
| Financial Accounting | The Accounting Equation, Journalizing, Ledger Posting, Final Accounts (Trading and Profit & Loss Account, Balance Sheet) |
| Business Communication | Principles of Effective Communication, Writing Skills, Presentation Skills |
| Cost Accounting | Introduction to Cost Accounting, Cost Classification, Cost Sheet |
| Management Accounting | Management Accounting Concepts, Budgeting, Ratio Analysis |
| Financial Management | Introduction to Financial Management, Time Value of Money, Capital Budgeting |
| Taxation | Basics of Income Tax, Types of Income, Exemptions and Deductions, Tax Calculation for Individuals |
| Auditing | Introduction to Auditing, Vouching, Verification Procedures |
| Information Technology and Accounting | Basics of Computers, Accounting Software |
| Business Law | Indian Contract Act, Sale of Goods Act, Negotiable Instruments Act |
| Elective Courses (Indicative) | International Financial Reporting Standards (IFRS), Corporate Accounting, Advanced Financial Accounting |
1. Candidates should have passed class 12 in commerce stream with minimum 50% from any recognized board.
2. Interested candidates can visit the colleges where admissions to B.Com are available and get the application forms and pay the requisite application fees.
3. Short listed candidates are further subjected to entrance tests, which are conducted by the colleges.
4. The colleges declare their merit list basis on the marks obtained in the qualifying examination and entrance tests.
5. Clear the document verification and admission processes and ensure that they are accomplished in the right manner.
6. Ensure you pay admission fees as a sign that you have been admitted and then proceed to enroll you for the program.
| College Name (City, State) | Fees (Annual Approx.) |
|---|---|
| Sri Ram College of Commerce (Delhi) | ₹ 10,000 |
| Lady Shri Ram College for Women (Delhi) | ₹ 12,000 |
| Hindu College (Delhi) | ₹ 8,000 |
| Hansraj College (Delhi) | ₹ 9,000 |
| Loyola College (Chennai) | ₹ 15,000 |
| St. Xavier's College (Kolkata) | ₹ 11,000 |
| Fergusson College (Pune) | ₹ 8,500 |
| Government College of Commerce (Bangalore) | ₹ 6,000 |
| The Maharaja Sayajirao University of Baroda (Vadodara) | ₹ 7,000 |
| Osmania University (Hyderabad) | ₹ 5,000 |
| College Name (City, State) | Fees (Annual Approx.) |
|---|---|
| Narsee Monjee Institute of Management Studies (Mumbai, Maharashtra) | ₹ 1,50,000 |
| Symbiosis School of Economics & Finance (Pune, Maharashtra) | ₹ 1,20,000 |
| Shiv Nadar School of Management & Entrepreneurship (Delhi NCR) | ₹ 1,80,000 |
| Christ (Deemed to be University) (Bangalore, Karnataka) | ₹ 1,00,000 |
| SP Jain Institute of Management & Research (Mumbai, Maharashtra) | ₹ 1,30,000 |
| Balaji Institute of Management (Pune, Maharashtra) | ₹ 75,000 |
| Amity School of Business ( Noida, Uttar Pradesh) | ₹ 1,00,000 |
| Woxsen School of Business (Hyderabad, Telangana) | ₹ 1,20,000 |
| KIIT School of Management (Bhubaneswar, Odisha) | ₹ 80,000 |
| Jain University (Bangalore, Karnataka) | ₹ 65,000 |
| College Name (City, State) | Average CTC (LPA) |
|---|---|
| Shah and Anchor Kutchhi Business School (Mumbai, Maharashtra) | 5-7 |
| Symbiosis School of Economics & Finance (Pune, Maharashtra) | 6-8 |
| Sri Ram College of Commerce (Delhi) | 5-7 |
| Lady Shri Ram College for Women (Delhi) | 4.5-6.5 |
| Narsee Monjee Institute of Management Studies (Mumbai, Maharashtra) | 6-8 |
| Shiv Nadar School of Management & Entrepreneurship (Delhi NCR) | 5-7 |
| Loyola College (Chennai) | 4-5.5 |
| St. Xavier's College (Kolkata) | 4-6 |
| Fergusson College (Pune) | 3.5-5 |
| Christ (Deemed to be University) (Bangalore) | 4-6 |